Shares of Adani Transmission and Adani Total Gas had hit their respective lower circuit filter of 5 per cent on Monday, after MSCI said it would reduce their weights in its indices
The board will consider raising funds by way of issuance equity shares or other eligible securities through a private placement, a QIP, or a preferential issue, among others.
Adani Transmission, Adani Total Gas face deletion from MSCI India index, spurring over Rs 4,000-cr sell-off by passive funds
Adani Ports said the purpose of the $130 million tender offer purchase is to partly prepay the company's near-term debt maturities and to convey the comfortable liquidity position of the company.
Most Adani group stocks recovered some lost ground on Wednesday after a heavy sell-off a day earlier amid reports of the group's ability to service the debt levels.
Adani Transmission has incorporated an arm, Adani Electricity Nashik Ltd, for distribution business in the Nashik area. It is aimed at applying parallel distribution license in the city. "The company has incorporated a wholly-owned subsidiary company in the name of 'Adani Electricity Nashik Ltd' (AENL) on 16th March, 2023," it said in a regulatory filing. AENL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on March 16, 2023. AENL is yet to commence its business operations, according to the company.
Adani Transmission Ltd has been recognised as a 'single-use plastic-free' company by the Confederation of Indian Industry-ITC Centre of Excellence for Sustainable Development. The company has been certified for its successful voluntary implementation of single-use plastic-free measures within its 37 operational locations spread across 10 states of the country. This certificate is valid from February 22, 2023 to February 21, 2024, according to a company statement. "Adani Transmission Ltd (ATL) has been recognised as 'Single-use Plastic Free'," it said. A total of 37 ATL operational sites, i.e., 30 substations and 7 transmission line clusters, including stores, have been certified as "Single-use Plastic Free", it added. With this certification in its kitty, ATL has become the first Indian electrical utility to earn "Zero Waste to Landfill certification", "Water Positive certification," and "Single-use Plastic Free Company" added to its laurels, the statement said.
Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total
Adani Group: The repayment of the loan will release the pledge on shares of promoters in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission
The promoters plan to use the proceeds to retire debt and for other purposes.
No direct impact of alleged malpractices at group on Credit assessment
Shares of eight Adani Group firms out of the ten listed entities ended the day in the negative territory, extending their previous day decline, amid an overall weak trend in the equity market. On Thursday, Adani Transmission stock declined by 5 per cent, Adani Green Energy dipped 5 per cent, Adani Total Gas (4.99 per cent) and Adani Power (4.98 per cent) on the BSE. Shares of Adani Wilmar fell 3.97 per cent, Adani Enterprises slipped 1.51 per cent, ACC (0.82 per cent) and NDTV (0.45 per cent). Some of the group firms also hit their lower circuit limits during the day. However, two group firms managed to end the trade in the green, with Adani Ports climbing 0.96 per cent and Ambuja Cements gaining 0.43 per cent. Shares of Adani Group firms had fallen sharply on Wednesday, with all the listed firms ending in red. In the broader market, the BSE Sensex fell 139.18 points or 0.23 per cent to settle at 59,605.80, registering its fifth day of decline. Adani Group stocks have taken a be
Adani Power (Rs 162.60), Adani Transmission (Rs 788.75), Adani Total Gas (Rs 834.95), Adani Green Energy (Rs 539.30) and Adani Wilmar (Rs 390.35) were locked at 5 per cent lower circuit today
The company has no plans to raise additional debt for capital expenditure, which it plans to cover with operating cash inflows, the executives said, according to the source
Adani Transmission will announce debt refinancing plans in a few weeks, executives said on Tuesday in an investor call, according to a source with direct knowledge of the matter
Will closely monitor developments, including any investigations by the Indian regulators and any additional disclosures by the Adani group, S&P said in a statement
MSCI said it had reduced the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission and the Associated Cement Companies, the report said
The changes flow to the overall risk rating tied to environmental, social and governance (ESG) matters assigned by Sustainalytics to Adani companies
Adani Enterprises locked 10 per cent lower circuit, while Adani Ports, Adani Power, Adani Transmission, Adani Total Gas, Adani Green Energy and Ambuja Cements were down up to 6 per cent
Stocks to Watch: Tata Steel reported a consolidated net loss of Rs 2,223.84 crore in the December quarter (Q3FY23) on the back of a sharp drop in realisations in Europe